184 Schaefer St | Image 1

$890,000

5 months ago

6 Bed

6 Bath

4778 sqft

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MLS® 495586

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 4778 sqft
Garage No
Taxes $11,453
Days Active 159
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $186
MLS® Number 495586

Property Address: 184 Schaefer St, Brooklyn, NY, 11207-1241

Average square foot calculated using Size range provided by listing agent.

Description

Geo Real Estate Group has been exclusively retained to market 184 Schaefer St. Primely located in Bushwick within a short distance to the L train as well as multiple bus routes; this subject property is a fully leased rent stabilized building. The property is currently operating at a 7% cap rate with a net adjusted annual rent of $100, 297. Annual expenses for current ownership are approximately $37, 600 annually. A value add potential for long term new ownership exists via strategic vacancies and capital improvement. The building has an additional 1, 100 sq. Ft. Of residual floor to area ratio presents a unique opportunity for investors looking to enter in a highly desirable submarket with a well performing asset.
MLS® Number495586
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1910
BasementFull, Unfinished
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 15, 2025List Date
$890,000List Price
  • Commute

Commute

Starting Address
Destination Address
184 Schaefer St, Brooklyn, NY

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